Business News

Boeing to seek supplier cost reductions after Embraer deal: CEO

FARNBOROUGH, England (Reuters) - Boeing (BA.N) will press for deeper price cuts from suppliers with overlapping operations once it completes its planned acquisition of the regional jet business of Brazil’s Embraer, Chief Executive Dennis Muilenburg told Reuters on Tuesday. FILE PHOTO: President, Chairman and CEO of The Boeing Company Dennis Muilenburg speaks at the "What's Next?" conference in Chicago, Illinois, U...

17 Jul 3:49 PM 0 Read More...

Fed's Powell: 'Several years' of strong jobs, low inflation still ahead

WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of “several years” where the job market remains strong and inflation stays around the Fed’s 2 percent target. Federal Reserve Chairman Jerome Powell gives his semiannual testimony on the economy and monetary policy before the Senate Bank...

17 Jul 3:49 PM 0 Read More...

Fannie, Freddie shares dip after Fed's Powell remarks

NEW YORK (Reuters) - Fannie Mae and Freddie Mac’s stock prices slipped on Tuesday after Federal Reserve Chairman Jerome Powell told a Senate panel that he thinks it’s important in the longer run the housing financial system be off the government’s balance sheet. In 2008, the government took control of the two mortgage finance agencies in a bailout during the height of the 2007-2009 global financial crisis after...

17 Jul 3:49 PM 0 Read More...

Amazon, MLB add machine-learned stats to cloud deal

SAN FRANCISCO (Reuters) - Amazon.com Inc will provide a new set of real-time statistics and graphics on live baseball games later this season, expanding its cloud computing deal with U.S. Major League Baseball, the two organizations told Reuters. The agreement, which makes use of Amazon Web Services’ artificial intelligence and machine learning capabilities, follows a similar deal with the National Football League ...

17 Jul 3:49 PM 0 Read More...

UnitedHealth second quarter medical costs miss estimates, shares slide

(Reuters) - UnitedHealth Group Inc, the largest U.S. health insurer, on Tuesday reported second-quarter medical costs slightly higher than Wall Street expectations, sending its shares down 4 percent and weighing on the rest of the sector. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. REUTERS/Brendan McDer...

17 Jul 3:49 PM 0 Read More...

Netflix subscriber slip hints at ‘lumpy’ road ahead

(Reuters) – Shares of Netflix Inc fell 13 percent on Tuesday after it reported a surprise shortfall in subscriber additions for a second quarter marked by the lack of a blockbuster new show and the soccer World Cup. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson While Wall Street remains overwhelmingly positive on Netflix...

17 Jul 2:14 PM 0 Read More...

Boeing lifts industry demand forecast as air show deals roll on

FARNBOROUGH, England (Reuters) - Boeing (BA.N) raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry’s resilience to rising global trade tensions. FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland Ma...

17 Jul 10:44 AM 0 Read More...

BAE says aim is for international partners to join UK fighter project in 2019

FARNBOROUGH, England (Reuters) - The chief executive of BAE Systems (BAES.L) said the aim was to bring in international partners to help develop Britain’s new fighter jet by the end of 2019. FILE PHOTO: A sign adorns a hangar at the BAE Systems facility at Salmesbury, near Preston, northern England March 10, 2016. REUTERS/Phil NobleBAE showed off a model of the new warplane, Tempest, on Monday, linking up with a g...

17 Jul 10:44 AM 0 Read More...

Thyssenkrupp leadership vacuum fuels restructuring hopes

DUESSELDORF (Reuters) - Thyssenkrupp (TKAG.DE) shares bounced 8 percent on Tuesday, lifted by hopes of a deeper restructuring of the German submarines-to-elevators conglomerate after the chairman resigned, leaving the company in a leadership crisis. FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File PhotoUlrich Lehner quit on ...

17 Jul 10:44 AM 0 Read More...

Japan's regional jet not flying so high after air show prang

FARNBOROUGH, England (Reuters) - Japan’s efforts to show off its new regional jet, the MRJ, were dealt another setback on Tuesday after a prang forced it to skip a flying display at the Farnborough Airshow. The 90-seat MRJ90, Japan’s first passenger plane since the 1960s, made a successful first demonstration flight on the opening day of the show near London on Monday and was due to fly again on day two. Howev...

17 Jul 10:44 AM 0 Read More...